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U.S. industrial production increases

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Monday, June 16, 2014

Businessweek: Industrial production climbed more than forecasted in May.

Output at factories, mines and utilities rose 0.6 percent after a revised 0.3 percent drop in April that was smaller than previously estimated, a report from the Federal Reserve showed today in Washington. The median forecast in a Bloomberg survey called for a 0.5 percent increase. Manufacturing, which makes up 75 percent of total production, also increased 0.6 percent.

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